Airbase

San Francisco, California, US FinTech Acquired

Airbase is a modern finance and spend management platform that combines bill pay and accounts payable automation, expense management, corporate cards, and procurement capabilities. The platform enables companies to manage payroll and non-payroll spend through a single interface with real-time visibility, faster financial close, improved planning, and stronger financial controls.

Acquired

Airbase has been acquired

Acquired by Paylocity October 1, 2024 $325M

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2017

Employees

300–330

Total Funding

$565.5M

5 rounds

Latest Valuation

$0.33B

September 4, 2024

Funding

Total raised $565.5M across 5 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Acquisition by Paylocity

Date

September 4, 2024

Amount

$325M

Valuation

$0.33B

Lead Investors

Paylocity
DateRoundAmount RaisedValuationLead Investors
September 4, 2024 Acquisition by Paylocity $325M $0.33B Paylocity
July 15, 2022 Debt (Credit Facility) $150M Goldman Sachs
September 2021 Series B $60M $0.6B Menlo Ventures

Funding by Round

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Valuation Trajectory

Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.

If you invested at:
0.5x 1x 2022 2023 2024 Airbase

Entry · Series B

$0.6B

Sep 2021

Airbase today

$0.3B

Sep 2024 · latest mark

Airbase multiple

0.5x

valuation uplift since first round

Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.

Leadership

  • Thejo Kote

    Founder & CEO

    LinkedIn
  • Aneal Vallurupalli

    Chief Financial Officer

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Bill.com

    Automated accounts payable and expense management platform

  • Coupa Software

    Business spend management and procurement solution

  • Concur (SAP)

    Travel and expense management software

  • Expensify

    Corporate expense management and automation platform

  • Brex

    Corporate card and spend management platform

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Data collected with AI, which can make mistakes. Please double-check this information.